Harris Williams & Co. Advises GCA Services Group, Inc. on its Sale to Goldman Sachs and Thomas H. Lee Partners, L.P.

March 2, 2016

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, advised GCA Services Group, Inc. (GCA) on its sale to Thomas H. Lee Partners, L.P. and the Merchant Banking Division of Goldman Sachs. GCA is a leading national provider of janitorial and custodial services, facilities operations and maintenance, grounds management and other outsourced workforce solutions to the education, commercial and rental car end markets. Harris Williams & Co. served as the lead advisor to GCA, a portfolio company of The Blackstone Group (Blackstone) prior to the completion of the sale. The transaction was led by Bob Baltimore, Derek Lewis, Marshall Croft, Taylor Morris and Victoria Mercer of Harris Williams & Co.’s Business Services Group.

“GCA is a tremendous company with an outstanding management team and a truly unique culture. CEO Bob Norton and team have done a fantastic job transforming the business and positioning it for substantial future growth,” said Bob Baltimore, a managing director at Harris Williams & Co.

“Management has built an impressive platform with significant scale and deep customer relationships that rely on the company for its comprehensive suite of services,” commented Derek Lewis, a managing director at Harris Williams & Co. “GCA will continue to take advantage of its many growth opportunities and benefit from the relevant industry experience of its new partners.”

GCA is a leading national provider of quality facility services, including janitorial and custodial services, contamination control for cleanroom manufacturing, facilities operations and maintenance services, grounds and athletic field management services, diversified staffing and more. With over 37,000 employees throughout the U.S. and Puerto Rico, GCA serves over 930 clients in a variety of sectors, including K-12 schools, higher education, manufacturing, corporate office buildings, high-tech, bio-pharmaceutical, nuclear power, defense, the rental car market and others.

Blackstone is one of the world’s leading investment firms. The company seeks to create a positive economic impact and long-term value for their investors, the companies they invest in and the communities in which they work. They do this by using extraordinary people and flexible capital to help companies solve problems. The firm’s asset management businesses, with over $330 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Business Services Group has experience across a variety of sectors, including facility services; environmental services; business process outsourcing; legal and insurance services; marketing and information services; professional services; payment processing and financial services; and education and training.  For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority.  Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.